Clearstream gains CSDR licence for ICSD
13 April 2021 Germany
Image: stock.adobe.com/fotola70
Deutsche Boerse-owned post-trade services provider Clearstream has obtained Central 网爆吃瓜 Depositories Regulation (CSDR) licence for Clearstream Banking, its international central securities depository (ICSD), effective as of 12 April.
This is the third Clearstream CSD to receive a licence under CSDR after Clearstream鈥檚 German and Luxembourg CSDs. Only one more licence, for banking services for its German CSD, is outstanding.
The securities marketplace organiser applied for the licenses through the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) which include core and non-banking type ancillary services and banking services.
Clearstream chair and member of the executive board of Deutsche Boerse Stephan Leithner says: 鈥淐SDR is a key pillar of the EU鈥檚 post-trade regulation. By requiring CSD services to be provided by trusted, licensed infrastructures set up according to stringent and transparent rules, CSDR aims to create a level playing field and promote market stability and integrity.
鈥淭hese goals align perfectly with Clearstream鈥檚 mission of providing a safe, efficient and trusted post-trade ecosystem for all market participants.鈥�
Now read:
This is the third Clearstream CSD to receive a licence under CSDR after Clearstream鈥檚 German and Luxembourg CSDs. Only one more licence, for banking services for its German CSD, is outstanding.
The securities marketplace organiser applied for the licenses through the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) which include core and non-banking type ancillary services and banking services.
Clearstream chair and member of the executive board of Deutsche Boerse Stephan Leithner says: 鈥淐SDR is a key pillar of the EU鈥檚 post-trade regulation. By requiring CSD services to be provided by trusted, licensed infrastructures set up according to stringent and transparent rules, CSDR aims to create a level playing field and promote market stability and integrity.
鈥淭hese goals align perfectly with Clearstream鈥檚 mission of providing a safe, efficient and trusted post-trade ecosystem for all market participants.鈥�
Now read:
← Previous regulation article
Continue to look the other way over LEIs, ESMA tells supervisory authorities
Continue to look the other way over LEIs, ESMA tells supervisory authorities
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
